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Buying your first home is a major life milestone, and one that most people treat with a great degree of caution and reverence. Having to do this all by yourself can be a daunting experience, however, and there a great number of ways in which this can backfire on you later on. It is highly recommended, especially for first time homebuyers, to hire the services of a real estate agency that can provide guidance during this important time.

“Whether you’re buying a home in Margate, NJ or Margate, FL the home buying process is not always problem free or straight forward or pleasant.” says Dustin Miller a Realtor in Margate, FL who specializes in working with first time home buyers.

“If you don’t have a Realtor working with you then make sure you have an attorney and title company you can trust looking over everything.” he added when asked what advice he would give to home buyers handling a transaction without a real estate broker.

You Can Communicate Your Desires To An Expert Who Knows The Market

Experienced professionals in the real estate market of your particular locality can provide valuable information about the homes that you are interested in, as well as insight into the particulars of various properties that you could easily miss. When it comes to the complex arrangements warranted by most home buying agreements, it helps enormously to have expert advice on your side, guiding you through the process.

You Can Have Your Interests Legally Represented

While it is usually not legally required to buy your home through a real estate agency, having your best interests legally protected is a very intelligent step towards securing a good deal. In many cases, you will be dealing with the seller’s realtor, who can put unfair pressure on you and produce a deal that benefits the seller more than yourself- all without you knowing.

In some cases, the seller’s agent will attempt to convince you to partake in a relationship that is called a, “dual agency” in which he or she represents both of your interests. Theoretically, your interests are just as important as the seller’s, but, in practice it is often the seller that gets the best deal out of this arrangement.

You Keep Control Over The Process

Your real estate agent is working hand-in-hand with you to get you the best price on the right home that meets your needs, ideally. In a productive relationship with a scrupulous and reputable agency, you retain total control over the terms and conditions of the transaction, and are not pressured into deals that serve your agency’s needs more than your own.

If you feel hesitant about contacting a professional agency for this reason, you should scope out the market and ask pointed questions to your possible agents. A good and trustworthy agent can do more for your first home buying experience than you could ever do alone.

“Make sure the real estate agent you choose knows the market and has your best interests in mind. You may even want to research them online or ask for references from other clients they’ve helped in the area.”, Dustin Miller adds. Whatever you choose to do, make sure you really weigh the pros and cons and make an informed decision. Best of luck!

With all the glitz and glam of New York and Manhattan, people sometimes forget about the people behind the scenes making things happen. These are your store owners, restaurateurs, public servants, and especially real estate agents.

As a real estate agency our focus is helping our clients gain a competitive edge on the real estate market and make smart buying and selling decisions. Whether you’re looking for a storefront new Times Square, or a condo in Upper Manhattan, we can help you maximize your buying power.

Before you run off to the first broker you find, contact us and let us help you make a smart purchase, sale, or lease decision on your next property.

As your own real estate agent may tell you, rent-to-own homes have become quite a trend in recent years. But what are they really, and could they potentially represent a viable option for those in difficulty of finding a buyer or seller for a specific home?

What Are Rent-to-Own Homes?

As the name suggests, a rent-to-own home is a piece of property rented to an interested buyer who ends up paying rent for a fixed period before actually buying the home.
Basically, people who have already moved to another home and are unable to sell their old property – thus being stuck with both mortgages and various other expenses associated with both homes – often decide to strike this deal with an interested buyer, establishing a rental period of anything from one to three years before selling the property.
In most cases, it is preferred to seek out the expertise of an experienced Realtor in order to figure out exactly what you need to do before the deal can be validated and before you can get the most out of it.

The Advantages of These Deals

Any real estate agency can say that a rent-to-own home is a good option. The question is what makes it such an advantageous deal, and will it really be enough to help you through a difficult period? Here are a few of the main benefits of rent-to-own homes for both sellers and renters/buyers:

First of all, in an economy that doesn’t always favor real estate sales, it can be a viable option for sellers to seek out this option, as it provides them both with a steady stream of funds for managing their expenses and the prospect of eventually getting rid of the mortgage on their old home.

The offer itself is usually very flexible, and most sellers will be open to negotiation, since all the extra money they can get over the rental period will be an advantage.

Rent-to-own homes allow even buyers who don’t have enough credit points to end up being capable of getting a new home purchase.

Once the deal is completed, price fluctuations are out of the question, as the sale price of the house becomes locked for the full period of the agreement. This level of stability is usually preferred both by sellers and buyers.

In order to get the most out of your rent-to-own home sale or purchase, the best course of action is to hire a reliable real estate agent who has successfully handled these types of deals in the past and can guide you through the negotiations and the paperwork required for making everything work without a problem.

If you are thinking about doing a rent-to-own deal for your first home, or want to use this structure to sell your home, then call us now! We can walk you through the entire process and ensure you are making the best decision possible.